Month: March 2011

Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announced today its financial results for the three months ended January 31, 2011.

HOUSTON, March 10, 2011 /PRNewswire/ — Endeavour International Corporation (NYSE Amex: END) (LSE: ENDV) is pleased to announce that it has applied to list its common stock on the New York Stock Exchange (NYSE). Currently, the company is listed on the NYSE Amex. The company anticipates that trading will begin on or about March 15, 2011 under its current ticker symbol “END.”

TORONTO, ONTARIO–(Marketwire – March 10, 2011) – The Board of Directors of Virgin Metals Inc. (the “Company” or “Virgin”) (TSX VENTURE:VGM) has approved the issuance of a total of 455,000 options to certain of its management and staff pursuant to its stock option plan. The options are exercisable at a price of $0.39, are subject to agreed vesting schedules and expire in three years.

First Majestic Silver (AG 15.20, -0.71, -4.46%) Corp. topped the list of Biggest Percentage Price Decliners among common stocks on the New York Stock Exchange at the close. See the full list.

In trading on Thursday, precious metals shares were relative laggards, down on the day by about 4.5%. Helping drag down the group were shares of First Majestic Silver, down about 11% and shares of Great Panther Silver Limited off about 10.4% on the day.

Shares of Gold Resource Co. (GORO) saw unusually high trading volume on Thursday. Approximately 228,105 shares changed hands during mid-day trading, an increase of 7.18% from the previous session. The stock last traded at $25.32.

The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 11:16 a.m. New York time.

Candente Gold Corp. (TSX:CDG)(BVLAC:CDG) (the “Company”) announces that in order to comply with certain regulatory requirements the Company has terminated its previously announced private placement of special warrants and has entered into a new agreement with a syndicate of underwriters (the “Underwriters), led by Stonecap Securities Inc. and including PI Financial Corp. and Wellington West Capital Markets Inc., whereby the Underwriters have agreed to purchase, on a bought deal basis, 8,125,000 units (the “Units”) from treasury of the Company at a price (the “Issue Price”) of $0.80 per Unit for gross proceeds of $6,500,000 (the “Offering”). Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant (the “Warrants”). Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company at $1.10 for 2 years following Closing.

VANCOUVER, BRITISH COLUMBIA–(March 10, 2011) – Goldgroup Mining Inc. (TSX:GGA) (“Goldgroup” or the “Company”) is pleased to announce that it has closed its previously announced offering of 28.75 million common shares (which includes the exercise in full of the over-allotment option of 3.75 million common shares) at a price of Cdn$1.40 per share (the “Offering”) for aggregate gross proceeds of Cdn$40.25 million. Dahlman Rose & Company, LLC and Canaccord Genuity Corp. acted as joint book-running managers for the Offering. Jennings Capital Inc. acted as co-manager for the Offering. Dahlman Rose & Company, LLC only conducted sales into the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any state securities laws and may not be offered or sold in the United States, absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Nearly $10 billion in gains came from two successful spinoffs from Slim’s Grupo Carso conglomerate. In January, Carso spun off Mineras Frisco, a mining play now worth $7.9 billion to Slim; and Inmuebles Carso, a real estate investment company that added $1.95 billion to his net worth. Both trade on the Mexican stock market. (All of this figuring was done using stock prices and exchange rates from February 14, 2011, and comparing them to prices we used for the 2010 World’s Billionaires list from February 12, 2010.)